The primary reason large U.S. companies send U.S. jobs abroad is because labor costs are higher in the United States. Such companies are said to be engaging in__________
Fill in the blanks with correct word.
ANSWER: outsourcing
Outsourcing refers to sending U.S. jobs abroad. Many executives believe that outsourcing leads to corporate growth, efficiency, productivity, and revenue growth. Most companies see cost savings as a key driver in outsourcing.
Business
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